Basware will provide e-invoicing services to a Finnish global industrial corporation for receiving e-invoices.  Basware Business Transactions Service enables the customer to receive invoices in an electronic format globally.
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The value of the deal is not disclosed but it does not have a significant impact on Basware’s net sales and profit in 2010 yet. Additionally, Basware will provide a supplier portal to enable the customer’s suppliers to submit electronic invoices.  The growing e-invoice volumes will have an impact on Basware’s net sales and operating profit in the future.

“This global agreement is an important one for us and it proves our solid competitive competence in e-invoicing markets and our ability to further expand and develop our e-invoice and supplier network,” says CEO Ilkka Sihvo, Basware Corporation.

Basware Business Transactions is a part of the extensive Basware Connectivity Services.  Basware Business Transactions e-invoicing service delivers invoice data directly to the customer’s invoice processing solution, which speeds up the invoice approval process as incoming invoices can automatically be posted and matched to an existing contract.  Receiving e-invoices increases the automation of the invoice handling process as no scanning is needed and posting can be done automatically per line item.  Electronic invoices can be received to any invoice processing system.

www.basware.com

Selecting an eProcurement solution can be difficult, and a wrong decision can have immeasurable costs. There is no one organization best suited to this decision since Procurement, Finance, and IT all play key roles in the affected business processes.

This paper provides a specific framework and tools that any organization can use to minimize the decision time, optimize cross-functional buy-in, and maximize the likelihood of making the right eProcurement solution decision.

Download this paper, which provides a specific framework and tools to minimize the decision time and maximize the likelihood of making the right eProcurement solution decision.

Key topics featured include:

- Identifying stakeholder initiatives
- Defining tactical requirements
- Outlining selection criteria
- Gaining corporate buy-in
- A quick reference checklist

www.ariba.com

Basware, the global leader in purchase-to-pay solutions, announced today that it had signed a contract to provide its invoice automation solution to Invensys plc. The value of the deal exceeds EUR 500,000 over 3 years. The solution will be deployed as a Software as a Service (SaaS) delivery.

Invensys plc develops and applies advanced technologies that enable the world’s manufacturing and energy generating facilities, mainline and mass transit rail networks and appliances to operate safely and efficiently.

Invensys brings its technologies to a global customer base: Invensys(R) solutions are used in around 180 countries worldwide, and Invensys has offices in more than 50 countries, employing around 20,000 people. Invensys is listed on the London Stock Exchange and is a constituent of the FTSE100 Index.

“We are pleased to be delivering the Basware Invoice Automation solution to yet another global company. Our solutions are industry-independent supporting multilingual and currency needs, modular and applicable to companies of all sizes,” said Ilkka Sihvo, CEO, Basware Corporation.

Basware Invoice Automation (IA) uses automatic, business-rule based matching to minimize the need for time-consuming, repetitive invoice-handling tasks and enable efficient management of exceptions. Basware Invoice Automation optimizes process performance in financial departments and business units, enabling your organization to focus on creating added value for your customers.

www.basware.com

More and more companies are changing over to automated, electronic invoicing processes. The European EXPP Summit – Europe’s leading congress for E-Invoicing and E-Billing – provides the perfect platform for those wishing to learn about developments and trends in the field of E-Invoicing.

More than 350 E-Invoicing specialists and end-users from more than 30 countries are expected at the summit, which takes place in Munich from 11th to 12th October 2010. Amongst the exhibitors are six members of the EEI Platform: Accounting Plaza, Accountis, Basware, Certipost, StreamServe and Tieto.

Developing e-Invoicing in Europe
The High Level Group on Reducing Bureaucracy, led by former Bavarian Minister President Dr. Edmund Stoiber, has concluded that electronic invoicing is especially important for reducing bureaucracy. In its closing report at the end of 2009, the European Commission Expert Group on E-Invoicing put forward a number of recommendations for developing the use of E-Invoicing even further throughout Europe. These recommendations are currently being implemented at all levels, and many countries have already initiated specific projects.

EXPP Summit 2010
Europe’s leading Congress on E-Invoicing & E-Billing will celebrate its sixth anniversary this year.

Top-notch speakers will talk about their experiences with E-Invoicing projects over the course of two days. The European EXPP Summit 2010 will reward the participants with an exclusive series of success stories and best practice sessions from numerous industries across Europe.

• Hear the latest news on market trends, perspectives, standards and initiatives
• Success stories telling how the Procure-to-Pay process and the Financial Supply Chain have been improved and how they can help to reduce costs considerably
• Focus on the different possibilities for implementing E-Invoicing & E-Billing and for harmonising legislation in Europe

The mixture of lectures from experts in the field and professionals with practical experience, as well as podium discussions, roundtables, large exhibition area and especially the focus on Europe will make the European EXPP Summit 2010 a compulsory event for CEOs, CFOs, CIOs, Heads of A/R and A/P, Procurement, Invoice Management and E-Invoicing decision makers from all over Europe.

Further information and the registration form can be found at:
www.expp-summit.com

Businesses have spent billions streamlining their internal operations. Yet few tackle the inefficiencies involved in dealings between companies. That’s where paper-based processes and outdated infrastructures lead to lost revenue and productivity. The Ariba Commerce Cloud is here to change all that.

A unique web-based platform, it contains everything businesses need to buy, sell and manage cash more efficiently and effectively than ever before.

• Technology: Market-leading applications for spend management, collaborative finance management, and sales acceleration management.
• Community: The Ariba Network, the world’s largest Web-based trading community, where more than 300,000 global businesses to discover, connect, and collaborate. And Ariba Exchange, the industry-leading customer community for networking, sharing best practices, and collaborating with partners and peers.
• Capabilities: Market, category, technical, strategic and other expert capabilities that can be accessed on-site or via the Web to support ever-changing business needs.

Whether looking to control costs, increase sales, minimize risk, or enhance cash flow, companies can do it better in the Ariba Commerce Cloud.

Read the brochure: Ariba Business Commerce Solutions

The EEI Platform is proud to welcome the multinational from the British Isle to the European co-operative initiative on e-invoicing and invoice automation.  

About Ariba
Ariba, Inc. is the leading provider of collaborative business commerce solutions including Invoice Management, Payment Management and Working Capital Management. Ariba enables more efficient and effective buying, selling, and cash management by combining industry-leading software as a service (SaaS) commerce technology with the world’s largest web-based global trading community and expert capabilities and services to augment internal resources and skills—all as a flexible, cloud-based service.
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The Ariba Commerce Cloud delivers everything needed to control costs, increase sales, minimize risk, and enhance cash flow and operations. More than 300000 companies, including more than 80 percent of the Fortune 100, use Ariba’s solutions to drive more efficient and effective inter-enterprise commerce.

More information:

Baronsmede – 20 The Avenue, Egham,
Surrey TW20 9AB (UK)
Phone: +44 (0) 1784 487100

Website:  www.ariba.com
Contact:  Aaron Wargo
Contact eMail:  awargo@ariba.com

About the EEI Platform
The EEI Platform’s main objective is to support the penetration of electronic invoicing and automated invoicing in Europe in order to enable anyone to benefit from the great advantages that it offers. The EEI Platform focuses on the activation of individual companies, trade associations and the public sector to apply electronic billing and payment.

In addition, participants will achieve results on publicity, penetration of electronic invoicing, standardization, accreditation and promotion of the participants. EEI Platform is a variant of the Dutch Electronic Invoicing Platform (ELFA), a grouping of organisations in the Netherlands that play an important role in the implementation process, as well as substantive information, news, background and developments in the fields of electronic invoicing.

Participation in the EEI Platform
Participation in EEI Platform is not only for providers of electronic invoicing and automated invoicing. Participation is also open to users, public institutions, educational institutions and industry associations. Moreover, organizations whose activities border to electronic billing services -such as credit organizations and financial institutions- are also invited to join.

Visit www.eeiplatform.com for more information. Here you can check the latest European news, the EEI Platform Business Case and the subscription form

Vodafone Czech Republic has joined forces with local NGO ‘Agency for nature conservation and landscape protection’ (Agentura ochrany prirody a krajiny CR, AOPK CR) to launch an environmental campaign throughout the country. As part of this campaign, a tree will be planted for every customer that activates Vodafone’s recently launched electronic billing service.
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The trees will be planted in seventeen protected regional areas and in two regions situated outside these areas throughout the Czech Republic. A total of 500,000 trees are intended to be planted across the country by the middle of 2011.
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With this initiative, Vodafone declared it is enabling AOPK CR to continue the latter’s efforts to increase the diversity of the country’s flora despite reductions in public funding. Vodafone launched a e-invoicing service for its postpaid customers in March.

Source: www.tradingmarkets.com

SciQuest, a leading provider of on-demand strategic procurement and supplier enablement solutions, and OB10, the leading global e-Invoicing network, announced a partnership to offer global enterprises a comprehensive and flexible solution that includes leading eProcurement and e-Invoicing capabilities.

The SciQuest and OB10 partnership enables suppliers to send e-invoices in any data format to the SciQuest eprocurement suite.  With OB10’s best practice supplier enrolment and ANY-TO-ANY DATA FORMATTING capabilities, the SciQuest eProcurement solution becomes more accessible to a wider range of businesses – giving an increased benefit to both buyers and suppliers.

“The partnership between SciQuest and OB10 allows us to provide enterprise customers and suppliers with an efficient, automated eProcurement and e-Invoicing process that is especially tailored for organizations that must address global, complex invoicing requirements and regulations,” said Karen Styres, VP of Business Development, SciQuest.

Jamie Gunn, CEO, OB10 comments, “The collaboration creates an exciting proposition for both clients and their suppliers.  OB10’s ANY-TO-ANY DATA FORMATTING and supplier enrolment expertise enables more suppliers to benefit from eProcurement and e-Invoicing.  The enterprise clients will benefit from this enlarged network and the associated cost reduction and efficiency benefits of the combined solution.”

OB10’s e-Invoicing network is operational across Europe, North America, and Asia, supports local language requirements, and complies with worldwide, regional tax regulations. SciQuest’s unique eProcurement capabilities allow efficient management of the source-to-settle process, including sourcing, shopping, contract management, procurement and settlement.  By combining eProcurement and e-Invoicing for all materials and services, global enterprises can drive contract compliance and gain greater control over spend.

About SciQuest
SciQuest provides a leading on-demand strategic procurement and supplier enablement solution that integrates customers with their suppliers to improve procurement of indirect goods and services.  Our on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions.  Using our managed SciQuest Supplier Network, our customers do business with more than 30,000 unique suppliers and spend billions of dollars annually.

Our current target markets are higher education, life sciences, healthcare and state and local governments.  We tailor our solution for each of the vertical markets we serve by offering industry-specific functionality, content and supplier connections.  We serve more than 160 customers operating in 16 countries and offer our solution in five languages and 22 currencies.

About OB10
OB10 (www.OB10.com) is the leading global B2B e-Invoicing network.  OB10 simplifies and streamlines the complex invoice-to-pay processes. Neither client organisations nor their suppliers are required to implement any hardware or software, and OB10 is independent of data file formats.  OB10 can reduce the cost of paper invoice processing by typically 60 percent and can deliver an ROI in less than a year if the programme follows OB10’s best practice guidelines.

Operational across Europe, North America and Asia, OB10 is compliant with the requirements of VAT, tax and e-Invoicing legislation and receives invoices from suppliers across 137 countries.  To ensure unrivalled and rapid supplier enrolment, each new customer’s suppliers are supported by an implementation services team responsible for getting them up and running on the OB10 network.

www.ob10.com

Basware will deliver Purchase Management, Invoice Automation and Scan and Capture services to UNINETT FAS in Norway. The value of the deal exceeds EUR 3.5 Million over the next 8 years.  UNINETT FAS is the university and university college sector`s coordinator and service provider in Norway.

“We are happy to work together with public sector in Norway as well and deliver an extensive product solution package to UNINETT FAS. These solutions enable our customer to gain visibility and generate cost savings throughout the whole purchase chain,” says CEO Ilkka Sihvo, Basware Corporation.
Basware Scan and Capture services is a part of more extensive Basware Connectivity Services offering. Basware Connectivity Services consist of several functionalities which enable suppliers and buyers of all sizes and maturity to transact electronically.

UNINETT FAS is the university and university college sector`s coordinator and service provider for assessment, selection, introduction, operation, development and replacement of common administrative ICT systems. UNINETT FAS adds value to the sector in the form of cost-effective processes for the implementation of common projects, volume discounts for license prices and integration solutions, as well as administrative ICT systems that provide data and reports of high quality.

www.basware.com

Electronic Invoicing is a process with a growing popularity within business and governmental environments. It appears in various forms, for example invoices in PDF or Word format are attached to an e-mail or made available using a web portal.
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The integrated dispatch of invoices (EDI) is also part of the e-Invoicing process. InterCommIT combines the various methods within ‘InterCommIT Managed e-Invoicing thus users can reach their relations with one secure connection from their internal systems.

“A variety of exchange methods are available; a secured network, a web portal, e-mail and even distribution using traditional mail” says Pascal de Kleijn, Product Manager InterCommIT.

More than distribution of Invoices
InterCommIT Managed e-Invoicing is truly a One-Stop e-Invoicing Service. Apart from invoices, orders and dispatch notes can be exchanged as well. This full set of information can be archived electronically making the ‘Order to Pay” process visible and easy to retrieve as required by fiscal authorities during audits.

Other ICT solutions related to e-Invoicing such as electronic signing of documents, payment and monitoring are also taken care of by InterCommIT, making it possible to outsource the complete invoicing process.

Suitable for all businesses
Pascal de Kleijn: “Large or smaller business, government authorities, they can all save money with InterCommIT Managed e-Invoicing. Being a service and not a software application the initial investment is generally lower which creates an interesting ROI. A streamlined process is a quick win.

For many years InterCommIT is the specialist in connecting back office systems and conversion of formats to enable companies to use their own systems to do business electronically. Structured information like EDI, XML, UBL2.0, XBRL and other information such as PDF, Word, Excel or ‘own’ formats can be exchanged. If desired the information in electronic format can also be converted to traditional mail distribution.”

About InterCommIT
InterCommIT offers a complete package of services and products to enable companies in the chain to work efficiently together through EDI/XML, e-invoicing article information management- and document management applications. InterCommIT’s approach is based on outsourcing B2B processes. We call this Integration as a Service.

InterCommIT is founding member of ‘Platform Elektronisch Factureren (Platform ELFA) and the European Electronic Invoicing Platform (EEI) thus stimulating the developments and the standards associated.

www.intercommit.nl

Liaison Technologies, a global provider of integration and data management services, today announced that it has extended its compliant archiving and signature service e-invoicing capabilities by fully integrating with Anachron, a leading full-service provider of electronic invoicing solutions for the B2B and consumer markets.

Liaison helps customers automate global trading communities by shielding complexity from rapidly changing standards, eliminating manual and duplicative processes and enabling the highest levels of B2B integration and collaboration. Anachron extends Liaison’s offering to include full service, compliant archiving and signature services.

The new integrated solution will enable businesses to comply with global VAT and tax regulations and improve automation throughout the order-to-cash process, ensuring that customers can depend on a fully automated, streamlined and regulatory-compliant solution that minimizes manual intervention, errors and delays.

By making it easier for suppliers to submit e-invoices, customers that use the Liaison B2B infrastructure can benefit from complete control and visibility over cash flow and improved process efficiency that shifting to fully electronic processes provides. When coupled with e-invoicing, invoice automation accelerates payment times and reduces errors, speeding up processing and improving productivity by reducing manual workloads, which in turn improves customer loyalty.

“We have seen clear demand for extending our B2B infrastructure services and we are excited to be able to offer an extensive electronic invoicing and archiving service to our customers,” said Larry Mieldezis, COO at Liaison. “With Anachron’s integrated solution, we are offering services that ease e-invoicing enablement, without forcing companies to commit to long term fees and multiple costly integration processes. As Liaison continues to grow globally, we expect our network to continue to scale to meet our customers’ needs.”

“Liaison is an innovative B2B integration company that is already effectively making use of electronic invoicing technologies, but wanted a full service solution for their customers,” said Frank Hoekstra, Manager Director of Anachron. “We are delighted that Anachron will help deliver a robust, flexible and secure electronic invoicing and archiving service.”

About Liaison Technologies
Liaison Technologies is an international provider of integration and data management services that help thousands of organizations in more than 35 countries optimize their business operations. Tapping into its comprehensive array of business-to-business and enterprise application integration and data transformation services, Liaison’s integration professionals develop data management infrastructures adapted to each client’s unique situation to improve data quality, reduce operational costs and secure communications. Headquartered in Atlanta, Liaison also has offices in the Netherlands, Finland, Sweden and the United Kingdom.

For more information, visit www.liaison.com

About Anachron
Anachron was founded in 2000 and is a top 3 e-Invoicing service provider in Europe. It delivers e-Invoicing services in more than 70 countries and is in full compliance with local and EU regulations. Anachron solutions help organizations to optimize their outbound and inbound invoice flows, and include state of the art functionalities that integrate seamlessly with other business processes which enable companies to add value to the complete invoice process. The company recognizes the need for interoperability and has connections with international value added networks and partners. Anachron is headquartered in Amsterdam the Netherlands, and also has offices in Joure, Brussels, London, Vilnius, and Curacao N.A.

For more information, visit www.anachron.com.

Basware, the leading provider of purchase-to-pay solutions, disclosed its successful first quarter interim report for 2010 with EUR 23 million in net sales. Despite the continued challenging economic environment, net sales increased by 6.5 percent compared with Q1 2009. Operating profit continued to remain strong at EUR 2 million, representing 9.2 percent of net sales.

Basware performed well in all of its markets, with international operations accounting for 53.8 percent of net sales, a growth of 9.2 percent. Regionally, the fastest growth was seen in the North American business, with net sales increasing by more than 50 percent in local currencies. Net sales are expected to develop positively in 2010 on the level of 2009 and operating profit (EBIT) is expected to represent 10 to 15 percent of net sales.

“The first quarter of the year was a success despite the continued challenging market conditions,” comments Basware CEO Ilkka Sihvo. “Our net sales increased by 6.5 percent and our profitability by as much as 34.2 per cent. Connectivity Services, Software as a Service operations and License Sales in particular performed well. The performance in the first quarter provides a good starting point for the rest of the year.”

During the reporting period, the fastest growing areas were Basware Connectivity services and Software as a Service operations, up 47.4 percent, consulting, up 21.8 percent, and maintenance functions, up 24.4 percent. The Basware Connectivity Services, which were launched at the beginning of 2009, have since been enhanced, with the service now including comprehensive solutions for both senders and recipients of e-invoices, as well as a supplier activation service. Basware Connectivity enables suppliers and buyers to communicate electronically in Basware’s partner network, boosting Basware’s current Enterprise Purchase to Pay offering.

www.basware.com

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In 2010, ISIS Papyrus energizes its third decade of innovation and excellence. From humble beginnings in a basement home office, ISIS Papyrus is now a global organization with 16 subsidiaries, 3 development centers and over 2000 clients.
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They all use Papyrus Software for corporate business correspondence, transactional documents, business process management, multi-channel output
management, document capture and archiving.

Event
ISIS Papyrus offers an event with a wide range of sessions, case studies, showcases and fora during the ISIS Open House and User Conference from 2-4 May 2010.
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Experts sessions will focus on the unique challenges in your industry. This is your chance to hear how you can make a measurable impact in your organization with Papyrus. It’s a fantastic opportunity to meet like-minded document professionals to discuss best practices and pragmatic solutions to common real-life challenges.

Check the programme

Read the brochure:

Taulia, the ‘Invoicement’ specialist, and OB10, the global e-Invoicing network, today announce their new global partnership, creating a unique Purchase to Pay solution that integrates seamlessly with SAP.

Basware, the leading provider of purchase-to-pay solutions, has expanded the global reach of its e-invoicing network, to 80 partners across the globe. New partners include Ximantix and Digital Invoice Gateway in Germany, Anachron, ClearBizz-Accounting plaza, TNT and Unified Post in the Netherlands, Husera TSP, GlobalEDI, InExchange and Locus in Sweden as well as Leadtec in Australia.
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With these new agreements, Basware extends its network to Australia, so that it is operating across all continents as a truly global network. The open network, which connects buyers and suppliers by forming interoperability agreements with local and global e-invoicing partners, supported millions of global transactions in 2009.Basware’s global open network allows suppliers to take advantage of their existing e-invoicing solution without needing to install proprietary technologies for connecting buyers and suppliers, which is often the case with traditional networks. Basware enables buyers and suppliers to use one single interface to connect with their business partners either directly via Basware or through its e-invoicing network partners.

By making it easier for suppliers to submit e-invoices, customers that use the Basware network can benefit from the complete control over cash flow and improved process efficiency that shifting to fully electronic processes provides. When coupled with e-invoicing, invoice automation accelerates payment times and reduces errors, speeding up processing and improving productivity by reducing manual workloads, inevitably improving customer relations as satisfaction levels rise. By introducing Invoice Automation and making the move to a full e-invoicing managed service, one of UK’s leading pharmaceutical chains, Lloydspharmacy, has been able to increase invoice processing volumes by 40% without any additional headcount.

In order to take full take advantage of e-invoicing, the buyer-supplier relationship needs to work effectively. Traditional e-invoicing networks – those that allow suppliers and buyers to connect through the buyer’s service provider only – usually limited to specific industries or countries. In a traditional network model, suppliers have to engage with multiple networks in order to access different buyers, a set up with considerable cost duplications. For large organizations wanting to reap the benefits of e-Invoicing, supplier activation is key. Basware’s open network enables suppliers to connect freely with their local operator which then automatically process e-invoices to the buyer, regardless of their operator or location.

In the report “Enterprises Should Push Supplier Networks To Deliver Interoperability,” Forrester Research, Inc., July, 2009, Forrester states that “Currently, most supplier network traffic goes through a single-hub model in which one network connects the buyer with its suppliers. A double-hub model, supported by network interoperability…would eliminate the need for companies to connect with multiple networks. Interoperability would accelerate supplier network adoption because: Suppliers would be happy to enroll in a network if it connected them with all their customers, enterprises would adopt networks enthusiastically, without the enablement barrier, Networks would be able to increase their revenues much faster.”

“At Basware, we have seen clear demand for expanding our network and we are excited to be able to offer an extensive supplier/buyer network to our customers, especially as we move into new territories,” commented Esa Tihila, SVP of Connectivity Services at Basware. “We are offering services that ease e-invoicing enablement, without forcing companies to commit to long term fees and multiple costly integration processes. As Basware continues to grow globally, we expect the network to continue to scale to meet our customers’ needs.”

For more information on Basware e-invoicing solutions, visit http://www.basware.com.

Basware’s e-invoicing partners are listed at: http://www.basware.com/e-invoicingnetwork.

About Basware
Basware is the global leader in purchase-to-pay solutions with more than 1,500 customers and 1,000,000 users in over 50 countries around the world. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners. http://www.basware.com

ISIS Papyrus has expressed their vision and activities in her new publication: “ISIS Papyrus Focus Report” which shows and elaborately explains her billing solutions across industries and platforms.

ISIS Papyrus develops and delivers consolidated customer communication and process optimization solutions for enterprise organizations in the financial, utility, telecommunications, healthcare, insurance and public sectors.

In 2008 ISIS Papyrus celebrates 20 years of excellence and customer-focused innovation, with 16 worldwide offices, 14 subsidiaries and three development centers supporting more than 2, 000 enterprise and government customers worldwide who are using ISIS Papyrus solutions for process improvement, business correspondence, multi-channel output, e-mail, document capture and archiving.

Today more than 2000 customers have chosen ISIS Papyrus as a proven and fully integrated customer communications platform for end-to-end flexibility, efficiency, collaboration, quality and continuous improvement of customer data, content and processes.

Read the publication below:

Basware, the global leader in purchase-to-pay solutions, today announced the addition of e-procurement functionality to Basware Connectivity services.

Basware Connectivity covers the entire purchase-to-pay process from cataloguing and procurement to e-invoicing, providing crucial integration with an organisation’s existing stock and resource management systems.

Basware Connectivity benefits both supplier and buyer, reducing cost per transaction, mitigating error, eliminating paper-based processes and speeding up payment.

Basware Connectivity for Procurement enhances the buyer-supplier collaboration capability of Basware Connectivity, adding:

    - Purchase Message Exchange:
    - Integrating electronic order negotiations within one buyer-supplier
      ecosystem
    - Eliminating the errors inherent in manual order management and creating
      a fully auditable trail
    - Catalogue Exchange:
    - Facilitating the electronic delivery of supplier catalogues to the
      buyer's procurement environment, boosting the quantity of catalogue
      items
    - Supplier self service enables 24-hour updating of content
    - Enforces negotiated contract conditions and pricing

Electronic invoice and procurement message exchange significantly increases data accuracy by replacing error-prone manual processes with automation. Through Basware Connectivity, electronic documents are created in procurement systems and fed directly to invoice processing solutions, enabling better visibility and a full audit trail. Electronic transactions enable automated order management as well as automated invoice processing and payment which in turn minimise manual intervention. By turning the procurement and invoice processes electronic, buyers can automatically match over 90% of incoming invoices against placed orders.

“With these new additions, Basware Connectivity is the first single purchase-to-pay solution that enables an organisation to move its entire procurement process into an electronic environment, fully integrated with existing stock and finance management systems,” said Matt Lees, Country Manager, Basware UK. “Every time a transaction moves from one system to another, whether within a single organisation or between supplier and customer, it adds delays in fulfillment and opens up possibilities for error. By automating these processes and moving to electronic document exchange with Basware Connectivity, buyers and suppliers can significantly reduce errors in the process, so get it right the first time around and halve their processing costs along the way.”

For the supplier, electronic processes reduce order delivery and invoicing cycle times dramatically, which in turn translate to quicker payments and improved cash flow. Suppliers can easily generate invoices directly from the order data which ensures full accuracy and eliminates the need for credit invoices.

Jyri Virtanen, logistics manager at Plandent, a dental supply company and Basware Connectivity customer added: “We receive around 450 orders each day, and with Basware Connectivity the entire process has become much faster and more efficient. Previously, a single order might contain 50 hand-written order rows, but with an electronic system we can easily receive consolidated orders. Basware Connectivity enables us to fulfill our customers’ orders quicker and has also substantially reduced error levels. Now, with the elimination of the delay resulting from manual ordering and shorter delivery times, we can focus more on actual customer service.”

About Basware
Basware is the global leader in purchase-to-pay solutions with more than 1,500 customers and 850,000 users in over 50 countries around the world. With Basware, organisations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation.

Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners.

http://www.basware.com

One of the world’s leading transport companies has selected ReadSoft as their supplier of choice for invoice automation. The solution involves the processing of over half a million invoices annually.

With a business system from SAP in place, this world-leading transport company already had good support for many of their business processes, but their accounts payable routines were still cumbersome and manual.

ReadSoft’s automated invoice handling solution for SAP was therefore a logical investment. The deal was made in the U.K. and the implementation will be carried out through a ReadSoft specialist partner.

ReadSoft’s solution will enable the company to automatically digitize incoming invoices, match the information against data in SAP to make sure it is correct, and approve the invoices in an electronic workflow. This will make accounts payable routines faster and less labor-intensive. The solution also includes extensive monitoring capabilities giving the company better control of their invoice flow.

“Multinational companies are one of our focus areas, and our solutions are well suited for handling the extensive requirements of such organizations,” comments Jan Andersson, CEO at ReadSoft. “Invoice processing in SAP is an area where we are very strong and this order is yet another proof of that. We are certain that this customer will get solid business value and substantially improved accounts payable processes in the years to come.”

www.readsoft.com

Basware, the global leader in purchase-to-pay solutions, today announced it has signed a project agreement with Cortex and Apache Corporation. The joint solution will utilize Basware’s Invoice Automation solutions and the Cortex Trading Partner Network to reach Apache’s top suppliers in North America.

“The joint solution offered through our partnership with Cortex will enable Apache to strengthen its supplier relationships and provide the company with improved efficiency and transparency throughout its financial supply chain,” said Ari Salonen, general manager, North America, Basware, Inc.

“Our automated solutions, combined with Cortex interoperability network, make it easier for an increasing number of companies to embrace electronic e-invoicing and to reap the benefits that can be gained from eliminating manual invoicing processes.”

“We are impressed to see immediate results from our agreement with Basware. This project with Apache is one example of the work we are doing in growing our network and expanding our supplier relationships across North America,” said Ryan Lailey, Vice President of Business Development at Cortex.

“Not only is this our third major buying organization to join our Network this year, but this project will also continue our momentum in the marketplace with other large buying organizations. Our Trading Partner Network and support services continue to deliver superior value for our clients in a reliable, low cost, low risk implementation.”

Apache will be able to receive e-invoices from its suppliers via Cortex, which will be processed using Basware’s Invoice Automation solutions. This process automation will streamline the invoicing process, and minimize the time and money spent manually handling invoices.

Basware’s global e-invoicing network includes more than 60 partners in the U.S., Europe and Scandinavia, providing direct connections around the world, and transmitting more than nine million transactions annually.

About Apache
Apache Corporation is an independent oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina. Apache posts announcements, updates and investor information, in addition to copies of all recent press releases, on its Web site, www.apachecorp.com.

About Cortex Business Solutions Inc.
Cortex Business Solutions Inc. is an industry leading service company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. Accessing the Cortex Trading Partner Network enhances the exchange of business critical documents, such as purchase orders, receipts and invoices resulting in improved cash flow management and business controls, while reducing day’s outstanding and administrative costs. Cortex is a low cost, low risk solution that can be implemented quickly by leveraging its customers existing business environment. More information can be found at www.cortex.net.

About Basware
Basware is the global leader in purchase-to-pay solutions with more than 1,500 customers and 850,000 users in over 50 countries around the world. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation.

Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the U.S., and Asia-Pacific through an extensive network of Basware offices and business partners. The company’s U.S. business, Basware, Inc., is headquartered in Stamford, Conn. More information can be found at www.basware.com/us.